Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/95623
Authors: 
Andersson, Ola
Holm, Håkan J.
Tyran, Jean-Robert
Wengström, Erik
Year of Publication: 
2013
Series/Report no.: 
IFN Working Paper 976
Abstract: 
We study risk taking on behalf of others, both with and without potential losses. A large-scale incentivized experiment is conducted with subjects randomly drawn from the Danish population. On average, decision makers take the same risks for other people as for themselves when losses are excluded. In contrast, when losses are possible, decisions on behalf of others are more risky. Using structural estimation, we show that this increase in risk stems from a decrease in loss aversion when others are affected by their choices.
Subjects: 
Risk taking
loss aversion
experiment
JEL: 
C91
D03
D81
G02
Document Type: 
Working Paper

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